How about this for something completely different that was sent to me by Shaza. It really made me think about my own preconceptions. QB
And I will toss in a little Dave Skarica for some stock market advice. This is free and not from his paid newsletter. I do not advocate for paid subscription. QB
Welcome Home- A Little R&R Goes A Long Way; Fukushima Just Heating Up; Bin Laden DOA, Buried At Sea; Finland Rejects Any Future EU Bailouts, Greece's Future In Question; Suicide Not Allowed For Chinese iPad Workers; More
Greetings to all of my loyal readers. After a short, much needed one week vacation, I am back to report the news that matters. For anyone who has never gone on vacation without internet service or cell service, I strongly suggest you try it, as it is highly refreshing and reinvigorating. It really goes a long way. For those of you who can't get enough reality without the sugar coating, I present to you today's latest news:
Although there has been a media blackout of anything Fukushima, that doesn't mean everything is pink unicorns and lollipops for theradiated citizens of plant earth. In fact, Fukushima is just heating up. Quite literally. The first hot point comes from Michio Ishikawa, the most senior adviser of the Japan Nuclear Technology Institute. On Saturday, he provided some very interesting details about Fukushima you may want to pay attention to. Especially the part about reactors 1,2 and 3 all having complete meltdown. The commentary from the EX-SKF blogger is perhaps even more interesting because it shows that TEPCO and the Japanese gov't knew all along about the seriousness of the situation and exactly as expected, the most important and frightening information would be released when few sheeple people are paying attention. Gee, we wonder why...
Anyone with even one quarter of aradioactive brain remaining knew already from the pictures of Fukushima that those reactors were beyond serious and that official radiation levels being reported were being "massaged." For example, as this video shows, radiation levels 40 miles out from Fukushima are as high as 97.01 µSv/h. Whoops! That's 97.01 microsieverts of healthy and delicious radiation every hour. As a reference the average individual background radiation dose is 0.23μSv/h. Notice the decimal placement. Any questions?
Of course, the big news out today is that Osama BinLying Laden was killed in an airstrike, so who cares about a little radiation when the man who died 4 years ago the most wanted man in the world is killed? Lot 'o reasons to celebrate today. Why not honor his death with a burial at sea? Sure, why not. Would you like another glass of Kool Aid?
For those who love interesting tid bits of strange information, confirmation about the death of Adolf Hitler also took place on the same calendar date as the confirmation of Osama Bin Laden's death - both on May 1st, sixty six years to the day. The comedy show must go on.
Two weeks ago, we reported that the EU experiment was a failure and that a Greek restructuring was imminent. With the big distraction about Osama Bin Laden's death taking all the attention away, few people noticed that the little default indicator called the Greek 10yr bond has exploded to 16.25% from last weeks record. Oh, and don't look now, but Portugal just hit 10% on their 10yr bond. Could it have anything to do with Finland sticking to their guns by saying there will be no more bailouts for EU members, ever? More smoke and another mirror (or two) needed. While we're at it, pay no attention to the dollar breaking 72 and silver going to the moon. Whoops!
As the bizarre gets even more so, the UK Daily Mail is reporting that Chinese iPad workers are not allowed to commit suicide. They must sign pledges stating so. The punishment for violating the contract is death.
Finally, for those of you who were planning on taking a ski trip to the French Alps (once the Dr. Deficit "wealth effect" makes you wealthy, that is) you better plan a trip to the South Pole instead. The Telegraph is reporting the Alps have recorded their worst snow cover ever asFukushima radiation a heat wave melts everything. We told you, the whole world's situation was heating up. And we're not joking.
Although there has been a media blackout of anything Fukushima, that doesn't mean everything is pink unicorns and lollipops for the
Anyone with even one quarter of a
Of course, the big news out today is that Osama Bin
For those who love interesting tid bits of strange information, confirmation about the death of Adolf Hitler also took place on the same calendar date as the confirmation of Osama Bin Laden's death - both on May 1st, sixty six years to the day. The comedy show must go on.
Two weeks ago, we reported that the EU experiment was a failure and that a Greek restructuring was imminent. With the big distraction about Osama Bin Laden's death taking all the attention away, few people noticed that the little default indicator called the Greek 10yr bond has exploded to 16.25% from last weeks record. Oh, and don't look now, but Portugal just hit 10% on their 10yr bond. Could it have anything to do with Finland sticking to their guns by saying there will be no more bailouts for EU members, ever? More smoke and another mirror (or two) needed. While we're at it, pay no attention to the dollar breaking 72 and silver going to the moon. Whoops!
As the bizarre gets even more so, the UK Daily Mail is reporting that Chinese iPad workers are not allowed to commit suicide. They must sign pledges stating so. The punishment for violating the contract is death.
Finally, for those of you who were planning on taking a ski trip to the French Alps (once the Dr. Deficit "wealth effect" makes you wealthy, that is) you better plan a trip to the South Pole instead. The Telegraph is reporting the Alps have recorded their worst snow cover ever as
Morning Update/ Market Thread 5/2 – It’s a Matter of TRUST Edition…
Good Morning,
Equities are higher, the dollar is flat, bonds are slightly lower, oil is down, gold is down, silver is down, and food commodities are mixed with the price of rice soaring.
Today we will see the Manufacturing ISM and Construction Spending at 10 Eastern. The data highlight of the week comes Friday with the April Employment Report.
It’s a matter of TRUST, of CONfidence. I don’t have it, and am losing faith with each BIZARRE episode.
MESSAGE TO THOSE WHO CAN’T HANDLE THE TRUTH (this would include almost all who participate in the mainstream media, and those who cannot digest and handle the facts). My CON Game radar has been going full scale tilt lately – and there are enough data points of fact to confirm without any doubt that my Con Game Radar has good reason to lack trust. I am going to stay focused and on point – the subjects I am about to cover are absolutely on point and have vast implications for our economy. Do not shoot the messenger, and process the facts!
Taboo subject #1 – Obama’s Recently released long form Birth Certificate: This is now CONFIRMED to be a manipulated FAKE. Many people have now analyzed it, and it was pieced together on a computer – you now cannot dispute that FACT. There are so many manipulations that it is crazy and makes you wonder why such a glaring forgery was presented to the public? There are at least two smoking guns in all the manipulations, the latest is the fact that Adobe’s software tracks how a picture is assembled. As you can see in this video, this “certificate” was assembled and manipulated together from pieces found on the internet:
Can you process that?
It is a fake. Forging official birth certificates is against the law. Having the President of the United States present a fake certificate is something entirely different altogether. It represents the height of the breakdown of the rule of law.
Now, who produced it and why is one question that must be answered. You cannot laugh this away or claim “nutjob” over this fact. The fact that Obama and the media is making jokes and painting those looking into it as nutjobs is a sick and twisted form of manipulation. Even if Obama was set up with this obvious fake, he is guilty of not doing his own due diligence and of not appointing a competent team to surround him. This is absolutely worthy of removing him from office – process the facts. The real question in my mind is why is he so obviously being set up, and by whom?
Process it – deal with it.
Bizarre Subject #2: Osama Bin Laden’s Death. Here I do not have smoking gun facts, but my manipulation radar is going off like mad, and it did so from the instant this was announced – here’s why…
Well BEFORE this was announced publically, oil, silver, and gold in the futures market began to tank. In fact, silver gapped down 10%.
Now, this is evidence of nothing more than the usual insider information flow, insider trading, and insider manipulation. But again, it’s about TRUST. You want to invest in markets where insiders move your positions 10%+ on the open based on information that had to come from the inside of the Administration? Information you don’t possess at the same time? Not me, no thanks… no trust.
Now, overnight pictures of a dead Osama were published by some mainstream media. Those pictures, it turns out, were also fake – pulled straight off the internet and have been around for years. Oops – now retracted, great reporting.
Then this morning it was announced that Osama’s dead corpse was buried at sea!!! Now my manipulation radar is SCREAMING at me! Nice justification to hide evidence – oh yeah, DNA samples are being processed… but we had to bury him at sea to satisfy Muslim beliefs!
Tell me one time in history – just one time – that anything like that has ever been done in such a hasty manner? Sorry, but if you are buying all of this, I have some swamp land in Florida for you. Again, I don’t have any smoking gun facts here, but let me just say that the way this was handled does anything but build trust.
Process it – and ask yourself why did this happen now?
From my perspective the forged Birth Certificate is a show stopper – if the media fails to pick up on it, and if the President is not held accountable for its presentation, then there’s really no need to even go on discussing “markets.” There will be no rule of law, and those who participate in these “markets,” or who fail to acknowledge this CRIME will be complicit in allowing the breakdown of the rule of law, and in the accompanying lack of trust, and destruction of confidence.
Oh, and don’t forget about the bizarre handling of the still raging nuclear accident still in progress – the breakdown of the rule of law, the corporate capture, the GREED, has caused and is still causing massive quantities of radiation to pour into the environment – it is BIZARRE that this is being ignored and improperly handled. We are discussing the widespread cast of radiation worldwide and there is a plethora of information that the media is ignoring and that we are discussing inside of our daily thread – come join the discussion, join reality.
And equally BIZARRE is the complete and total CAPTURE that has occurred with corporations and their “regulators.” Here are two MORE glaring examples:
Here the corporation is being allowed to be the regulator. Hey, might as well call a spade a spade, that’s what was effectively happening anyway. Corporate capture to the extreme.
Then there’s this:
You can follow the link to the Press Release. The bottom line is that the data is being cut off in the same manner that M3 is no longer reported. When you can’t stand the heat, cut off the data.
I’m going to say this exactly one last time today, and I’m going to turn the tables on the mainstream – those who fail to acknowledge and act upon the facts are complicit in the breakdown of the rule of law. You cannot laugh this off or joke about the “nutjobs” any longer.
I think that anyone who participates in these manipulated markets is both a fool and is also complicit in feeding the blatant manipulation. The markets are not only not free, they are not even real – what they are is insider manipulated to the max – again complete corporate capture, no regulators.
I sadly note that today the media and a great percentage of our population is celebrating like we’re the great slayer of evil – how removed from reality can we get? Body dumped in the ocean? Come on. The breakdown of the rule of law is so in your face that you simply cannot ignore it any longer – and if our collective conscious doesn’t act to remove this Administration then I’m going write off my efforts to present reality and move on.
No music today – each individual needs to think hard about meaning and consequence. Process this information and then analyze your role in the collective consciousness. It's a matter of TRUST.
Equities are higher, the dollar is flat, bonds are slightly lower, oil is down, gold is down, silver is down, and food commodities are mixed with the price of rice soaring.
Today we will see the Manufacturing ISM and Construction Spending at 10 Eastern. The data highlight of the week comes Friday with the April Employment Report.
It’s a matter of TRUST, of CONfidence. I don’t have it, and am losing faith with each BIZARRE episode.
MESSAGE TO THOSE WHO CAN’T HANDLE THE TRUTH (this would include almost all who participate in the mainstream media, and those who cannot digest and handle the facts). My CON Game radar has been going full scale tilt lately – and there are enough data points of fact to confirm without any doubt that my Con Game Radar has good reason to lack trust. I am going to stay focused and on point – the subjects I am about to cover are absolutely on point and have vast implications for our economy. Do not shoot the messenger, and process the facts!
Taboo subject #1 – Obama’s Recently released long form Birth Certificate: This is now CONFIRMED to be a manipulated FAKE. Many people have now analyzed it, and it was pieced together on a computer – you now cannot dispute that FACT. There are so many manipulations that it is crazy and makes you wonder why such a glaring forgery was presented to the public? There are at least two smoking guns in all the manipulations, the latest is the fact that Adobe’s software tracks how a picture is assembled. As you can see in this video, this “certificate” was assembled and manipulated together from pieces found on the internet:
Can you process that?
It is a fake. Forging official birth certificates is against the law. Having the President of the United States present a fake certificate is something entirely different altogether. It represents the height of the breakdown of the rule of law.
Now, who produced it and why is one question that must be answered. You cannot laugh this away or claim “nutjob” over this fact. The fact that Obama and the media is making jokes and painting those looking into it as nutjobs is a sick and twisted form of manipulation. Even if Obama was set up with this obvious fake, he is guilty of not doing his own due diligence and of not appointing a competent team to surround him. This is absolutely worthy of removing him from office – process the facts. The real question in my mind is why is he so obviously being set up, and by whom?
Process it – deal with it.
Bizarre Subject #2: Osama Bin Laden’s Death. Here I do not have smoking gun facts, but my manipulation radar is going off like mad, and it did so from the instant this was announced – here’s why…
Well BEFORE this was announced publically, oil, silver, and gold in the futures market began to tank. In fact, silver gapped down 10%.
Now, this is evidence of nothing more than the usual insider information flow, insider trading, and insider manipulation. But again, it’s about TRUST. You want to invest in markets where insiders move your positions 10%+ on the open based on information that had to come from the inside of the Administration? Information you don’t possess at the same time? Not me, no thanks… no trust.
Now, overnight pictures of a dead Osama were published by some mainstream media. Those pictures, it turns out, were also fake – pulled straight off the internet and have been around for years. Oops – now retracted, great reporting.
Then this morning it was announced that Osama’s dead corpse was buried at sea!!! Now my manipulation radar is SCREAMING at me! Nice justification to hide evidence – oh yeah, DNA samples are being processed… but we had to bury him at sea to satisfy Muslim beliefs!
Tell me one time in history – just one time – that anything like that has ever been done in such a hasty manner? Sorry, but if you are buying all of this, I have some swamp land in Florida for you. Again, I don’t have any smoking gun facts here, but let me just say that the way this was handled does anything but build trust.
Process it – and ask yourself why did this happen now?
From my perspective the forged Birth Certificate is a show stopper – if the media fails to pick up on it, and if the President is not held accountable for its presentation, then there’s really no need to even go on discussing “markets.” There will be no rule of law, and those who participate in these “markets,” or who fail to acknowledge this CRIME will be complicit in allowing the breakdown of the rule of law, and in the accompanying lack of trust, and destruction of confidence.
Oh, and don’t forget about the bizarre handling of the still raging nuclear accident still in progress – the breakdown of the rule of law, the corporate capture, the GREED, has caused and is still causing massive quantities of radiation to pour into the environment – it is BIZARRE that this is being ignored and improperly handled. We are discussing the widespread cast of radiation worldwide and there is a plethora of information that the media is ignoring and that we are discussing inside of our daily thread – come join the discussion, join reality.
And equally BIZARRE is the complete and total CAPTURE that has occurred with corporations and their “regulators.” Here are two MORE glaring examples:
Monsanto Will Soon Be Allowed To Police Itself
… The pilot program will allow these companies to conduct their own environmental assessments of crops or outsource the work to contractors. The USDA will still get the final say in determining the safety of crops.
Here the corporation is being allowed to be the regulator. Hey, might as well call a spade a spade, that’s what was effectively happening anyway. Corporate capture to the extreme.
Then there’s this:
There Goes the Data: Major Cuts at EIA Washington
One of my greatest concerns coming out of the financial crisis of 2008 was that, eventually, free services like government data would be reduced or lost altogether. This afternoon I learned from EIA Washington that one of the cornerstones of my own work, and also the work of others globally, is about to be suspended: the gathering of International Energy Statistics. For me professionally, this is among the most important gateways to monthly data on global oil production. As I said, after 2008 I came to recognize my own professional dependency on this free data. But, I never actually expected to lose my access. Well, that’s always the way, isn’t it? Below is a portion of today’s EIA Press Release:
You can follow the link to the Press Release. The bottom line is that the data is being cut off in the same manner that M3 is no longer reported. When you can’t stand the heat, cut off the data.
I’m going to say this exactly one last time today, and I’m going to turn the tables on the mainstream – those who fail to acknowledge and act upon the facts are complicit in the breakdown of the rule of law. You cannot laugh this off or joke about the “nutjobs” any longer.
I think that anyone who participates in these manipulated markets is both a fool and is also complicit in feeding the blatant manipulation. The markets are not only not free, they are not even real – what they are is insider manipulated to the max – again complete corporate capture, no regulators.
I sadly note that today the media and a great percentage of our population is celebrating like we’re the great slayer of evil – how removed from reality can we get? Body dumped in the ocean? Come on. The breakdown of the rule of law is so in your face that you simply cannot ignore it any longer – and if our collective conscious doesn’t act to remove this Administration then I’m going write off my efforts to present reality and move on.
No music today – each individual needs to think hard about meaning and consequence. Process this information and then analyze your role in the collective consciousness. It's a matter of TRUST.
U.S. Airline Surcharges Set Record at $420 as Oil Prices Climb
United Continental Holdings Inc. (UAL), Delta Air Lines Inc. (DAL) and rival U.S. carriers added a record $420 in fuel surcharges to round-trip European fares as soaring oil prices propelled first-quarter losses.
Across the industry, surcharges are as much as 50 percent greater than those put in place when fuel prices reached a record three years ago, according to air-travel website BestFares.com.
Jet fuel has become airlines’ biggest operating expense, surpassing labor and climbing to an average $2.96 a gallon from January through March, up 41 percent from a year earlier. U.S. carriers raised surcharges and fares and trimmed expansion plans to try to preserve the full-year profitability achieved in 2010, when demand rebounded after the financial crisis.
“No one foresaw the dramatic increase that has occurred over the last three months,” Chief Executive Officer Gerard Arpey told American Airlines employees in an April 20 e-mail. “It is beyond frustrating to see the fruits of our labor wiped out by something over which we have seemingly little control.”
Combined first-quarter losses for the five biggest U.S. airlines widened to $951 million from $892 million a year earlier. Among the five, only Southwest Airlines Co. (LUV) reported a profit.
Gold-Buying Central Banks May Signal Bullion Extending Record Price Rally
Central banks that were net sellers of gold a decade ago are buying the precious metal to reduce their reliance on the dollar as a reserve currency, signaling demand that may extend a record rally in prices.
As developing countries accelerate purchases, gold may reach $2,000 an ounce this year, compared with a record of $1,569.80 today in New York, said Robert McEwen, the chief executive officer of producer U.S. Gold Corp. Euro Pacific Capital’s Michael Pento, who correctly predicted gold’s highs for the past two years, forecasts a 2011 high of $1,600.
Prices reached a record 15 times this month on demand from investors seeking an alternative to the dollar after the currency slumped to the lowest since 2009, U.S. debt widened, and the Federal Reserve signaled April 27 that borrowing costs will remain near zero percent for an extended period. The economy in China, the biggest foreign holder of U.S. Treasuries, grew 9.7 percent in the first quarter.
“China is out to have more gold than America, and Russia is aspiring to the same,” McEwen said yesterday in an interview at a Bloomberg Link conference in New York. “When you have debt, you don’t have a lot of flexibility. China wants to show its currency has more backing than the U.S.”
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